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立信《会计专业英语》课件LESSON-SIX教学提纲

立信《会计专业英语》课件LESSON-SIX教学提纲

A commercial invoice will normally give a description of the goods and state how and when the goods were dispatched by the seller, who is responsible for insuring them in transit , and the payment terms.
payments journal to from a cash book.
NEW WORDS,PHRASES AND SPECIAL TERMS
Invoice 发票
A document stating the amount of money due to the organization issuing it for goods or services supplied.
sentences
When special journals are used, only those transactions that do not occur often enough to warrant entry in a special journal are recorded in the general journal.
The most common books of prime entry are
the day book(日记账）, the cash book（现金 收支簿） and the journal.
NEW WORDS,PHRASES AND
SPECIAL TERMS
Day book 日记账
A specialized journal or book of prime entry recording specific transactions.
会计双语6

会计双语6


Terms --Accounting Basis
Accounting system
Accrual basis
Cash basis
are recognized when cash is collected; Expenses are recognized when cash is paid for the Accounting goods and services. English
Revenues Text
Revenues are recognized when earned; Expenses are recognized when goods and services areText used.
Revenue principle
Matching principle
收入确认原则
Timing issues •Time period assumption •Fiscal and calendar years •Accrual-vs.cashbasis •accounting •Recognizing revenues and expenses
Accounting English
Accounting English
• Media Vision Technology 公司 是一个为计算机 制造声音和动画 技术的公司，它 曾被指控通过操 纵一个虚拟的货 舱隐藏已经计入 销售收入的销货 退回清单。
Accounting English
• 出版商Pengnin USA说在过去的许多年里 它都少披露了费用，因为它没报告预付款 顾客的折扣。
Oct.31 Insurance expense prepaid insurance (to record insurance expired) 50
会计英语unit 6 Assets—Current Assets Ⅰ

会计英语unit 6 Assets—Current Assets Ⅰ

12
(1)Accounts Used
Bonds
Stocks
Short-term investment ----Bonds
Interest Receivable Investment Income
Short-term investment -------Stocks
Dividend Receivable Investment Income
Dr. Cash 40,000 Cr. Short-term Investment ---- Stocks 30,600 Dividend Receivable 4,000 Investment Income 5,400
6
the actual amount of receipt and payment.
Cash and Cash Equivalents
Cash and Cash Equivalents is the amount of money the company has in bank accounts, savings bonds, certificates of deposit, and money market funds. It tells you how much money is available to the business immediately.
1)Purchases of Marketable Securities
Stocks
TJ Max purchased 2,000 shares from Big Lot. The market value was $55 per share, which included dividend of $10,000 having been declared but not yet realized.
会计英语6-10章 中文翻译(叶建芳 孙红星)

会计英语6-10章 中文翻译(叶建芳 孙红星)

第六章经营循环：商品销售成本和存货学习目标1.确认包含在存货里成本2.在定期盘存制和永续盘存制下确认存货数量3.使用以下方法计算销售成本和期末存货4.说明存货错误对于财务报表的影响5.使用成本与市价孰低法对存货计价6.用毛利率法和零售法估计期末存货7.在财务报表中披露存货信息8.分析商品周转率信息在第五章中，我们讨论了提供产品和服务的收入和应收项目。

这一章，我们讨论存货的会计处理。

存货通常是企业最多的流动资产。

要合理的反映企业的财务状况，确定存货的期末余额是很重要的。

图表6－1总结了与存货相关的会计处理中四个最重要的问题。

在表的最上面，存货的生命周期分成四个部分：（1）存货的取得，通过购买或生产；（2）计入企业的资产负债表；（3）销售和（4）作为期末存货列示在资产负债表里。

这四个部分的每一部分都是财务会计中需要讲述的重要内容。

图表6-1存货的取得存货盘存存货出售存货的期末计价哪些成本应资本化？ A. 永续盘存制成本流转假设运用成本与市价孰低A. 包括哪些成本项目?B. 定期盘存制 A. 个别认定法法1. 商品流通企业 B. 加权平均法2. 制造业 C. 先进先出法B. 包括哪些数量单位? D. 后进先出法1. 一般原则2. 在途商品3. 委托代销商品6.1 包含在存货中的成本◇什么是存货？存货是指企业为出售而持有的的产成品、处在生产过程中的在产品，及在生产过程或提供劳务过程中耗用的材料、物料等。

对于商品流通企业，包括批发商和零售商，存货是企业为出售而购入的商品。

对于制造企业，存货包括原材料，在产品和产成品。

哪些是存货，是由企业的经营性质而非商品本身决定的。

例如，对于快递公司来讲，卡车是其固定资产，但对于卡车代理商来讲，卡车是其存货。

制造企业主要包括以下三类存货：1. 原材料，指企业取得的并将用于生产过程的物品。

2. 在产品，指正在各个生产工序加工的产品。

记入在产品的成本包括原材料的成本，直接人工成本和制造费用。

【商务英语】西方会计英语(纯英文LRC)-6Unit six【声音字幕同步PPT】

【商务英语】西方会计英语(纯英文LRC)-6Unit six【声音字幕同步PPT】


After all, the articles of association can ,with shareholder's approval, be
amende That change will not help the management if the main problem for the business is that
standard was designed to recognise the
Байду номын сангаас
the effect is that ,unless the leased assets and obligations are capitalised ,potentially
large liabilities build up off balance-shee equally the leased assets employed are not
That argument is specious for two reason Firstly, risk has never been a determining
factor in consolidatio Secondly, even if it were relevant,those who use this argument are referring solely to the credit risk,and not to all the risks
have sprung up more recentl Text 6.2 Bold proposal may lay balance
sheet bare Consultation ends today on the Accounting Standards Board's proposal
财务会计英语 unit 6

财务会计英语 unit 6

Financial Accounting English (Second Edition)
Section 1 Outline of Costs and Expenses
• Non-production cost (非生产性成本) Non-production cost is also called period cost. It includes selling cost, research and development cost, general and administrative cost, and interest cost.
LOGO
Unit 6
Costs and Expenses
Financial Accountinቤተ መጻሕፍቲ ባይዱ English (Second Edition)
Contents
Section 1 Outline of Costs and Expenses
Section 2 Accounting for Costs
Section 3 Accounting for Expenses
Financial Accounting English (Second Edition)
Section 1 Outline of Costs and Expenses
• 1.1 Expenses Expenses are the decrease in owner’s equity caused by the business’s revenue-producing operation. • 1.2 Costs Cost is a measurement, in monetary terms, of the amount of resources used for business purposes
会计英语课件 Unit 6 Assets

会计英语课件 Unit 6 Assets


30,000 (30,000) =
Accounts Receivable
A business’s account receivable is the amounts that its customers owe it and these accounts receivable are sometimes trade creditors.
Accounts Receivable
Net realizable value=accounts receivable-allowance for bad debts
Assume that a business has accounts receivable of $1,000,000, and the allowance for bad debts is $50,000. So, on the balance sheet, accounts receivable would be:
Net realizable value=$1,000,000-$50,000=$950,000
Accounts Receivable
ABC Company had the following transactions in 2007: a. Recognized $5,000 of sales revenue earned on account; b. Collected $3,000 cash from accounts receivable; c. Recognized $500 of bad debt expense for un-collectible in the future.
Accounts receivable happen only when the term is short or when the amount to be receivable is not very big. However, a note receivable is used in western countries when a firm expects to collect a receivable in a longer period, or when the sum of the receivable is big. A notes receivable usually includes the maturity date and rate of interest.
会计英语 lesson 6

会计英语 lesson 6

• The main difference between the two types of company lies in the restrictions placed on the issue or transfer of their shares.
• 6.3 Share Capital
• The capital of a limited company is divided into shares that have a nominal/ par value.
• 6. To understand different values of a stock.
• 7. To report stockholders’ equity transactions on The Cash Flow Statements
• 6.1 Introduction: Limited Company
LESSON SIX
OWNER’S EQUITY
• Aims:
• 1. To describe the characteristics of limited company.
• 2. To differentiate among authorized, issued, and outstanding shares.
• 6.5 Measure the Effect of Issuing Stock on a Company’s Financial Position
• Corporations issue stock to raise capital to finance operations.
• 1. A corporation issues (sells) all or part of the stock that is authorized in the corporate charter.
CHAPTER6 《会计英语》

CHAPTER6 《会计英语》


Unit 2 Non-current Liabilities
➢BONDS PAYABLE. ➢When a corporation needs to raise a large amount of long-term capital, it generally sells additional shares of capital stock or issues bonds payable. The issuance of bonds payable is the equivalent of splitting a large loan into a great many units, called bonds. Each bond is, in essence, a long-term interest-bearing note payable.
Special Terms
3. debenture bond 信用债券、无担保债券,一种普通的公司债券,发行时不 以有形资产作为抵押品或作为留置(lien)。由于信用债券没有抵押品作为担保, 因而需在债券契约中列有一些保护性条款,如保持一定的流动比率,在无能力支 付利息时,所发行债券即作为到期债券,持券人可以要求公司立即还本,公司若再 发行债券,持券人对发行者的资产有优先权等。 4. credit ratings 信用等级评定。有专门的征信机构,如美国的Dun & Bradstreet公司, 专门从事这种业务。信用好的公司容易以某种优惠条件取得 借款,或通过发行信用债券融资。信用不好的公司在融资时将会受到限制。
06CHAPTER
Liabilities
ห้องสมุดไป่ตู้
UNIT
01
Current Liabilities
会计英语简明版 Lesson 6 Inventory and Cost of Goods Sales.ppt

会计英语简明版 Lesson 6 Inventory and Cost of Goods Sales.ppt

Lesson 6
Inventory and Cost of Goods Sales
YE SUN Accountin
What is inventory? What costs are included in inventory? How do we separate COGS from End. Inv?
• Record discount when taken.
• Net of discount
• Charge discounts not taken when paid.
YE SUN AccountingEnglish@2009
11
Terminology
Purchase = receipt of merchandise not to placing of a purchase order.
YE SUN AccountingEnglish@2009
9
Merchandise Inventory
• Inventories accounted for at cost.
• Cost includes cost of
• Acquiring merchandise (invoice cost of goods, freight-in)
• Inventory costs (and costs of goods sold) = acquisition costs.
YE SUN AccountingEnglish@2009
5
Types of Companies/Inventories (Cont.)
• Manufacturing company converts raw materials and purchased parts into finished goods.
会计英语第6章

会计英语第6章


11,625 $510,355 17,400 $527,755
Cost of Merchandise Sold
Merchandise inventory, 1/1/07 $ 59,700 Purchases $521,980 Less: Purchase returns and allowances $9,100 Purchase discounts 2,525 11,625 Net purchases $510,355 Add transportation-in 17,400 Cost of merchandise purchased 527,755 Merchandise available for sale $587,455 Less merchandise inventory, 12/31/07 62,150 Cost of merchandise sold $525,305
Single-Step Income Statement for a Merchandising Business
NetSolutions Income Statement For the Year Ended December 31, 2007 Revenues: Net sales Rent revenue Total revenues Expenses: Cost of merchandise sold Selling expenses Administrative expenses Interest expense Total expenses Net income
Multiple-Step Income Statement
NetSolutions Income Statement For the Year Ended December 31, 2007 Revenue from sales: Sales $720,185 Less:Sales returns and allowances $ 6,140 Sales discounts 5,790 11,930 Net sales $708,255 Cost of merchandise sold 525,305 Gross profit $182,950

会计英语(简明版) Lesson 6 Inventory and Cost of Goods Sales


YE SUN AccountingEnglish@2009
20
Last-in, First-out (LIFO)


Assumes most recently purchased goods are sold first Inventory based on costs of oldest purchases.

Manufacturing company


Service company

Provides intangible services.
YE SUN AccountingEnglish@2009
4
Types of Companies/Inventories

Merchandising


Sells goods in same form in which they are acquired. Inventory costs (and costs of goods sold) = acquisition costs.

First-in, First-out (FIFO)

Expenses costs of oldest purchases first. Most recently purchased goods are in inventory.


Likely but not necessary to follow actual flow of goods. Ending inventory approximates current cost of goods.

Detailed record is useful. Built in check. Identifies shrinkage by item. Income statement can be prepared without taking a physical inventory.

会计英语(简明版) Lesson 6 Inventory and Cost of Goods Sales


Big ticket (high price) items. Uniquely identified items.

May offer opportunity to manipulate costs.
YE SUN AccountingEnglish@2009
18
Average Cost

(Beginning inventory amount + purchases) / units available for sale = per unit inventory costs = per unit cost of goods sold

Beginning inventory of current period = ending inventory of preceding period.

COGS = COGA - End. Inventory
YE SUN AccountingEnglish@2009
15
Perpetual Inventory Method

First-in, First-out (FIFO)

Expenses costs of oldest purchases first. Most recently purchased goods are in inventory.


Likely but not necessary to follow actual flow of goods. Ending inventory approximates current cost of goods.

Detailed record is useful. Built in check. Identifies shrinkage by item. Income statement can be prepared without taking a physical inventory.

2019精品国际会计学第六版6英语


Choi/Meek, 6/e
11
Choi/Meek, 6/e
12
Types of Translation Rates and their Statement Effects
Historical rate: the exchange rate prevailing when a foreign currency asset was first acquired or a foreign currency liability first incurred.
Gain or loss on an unsettled transaction: arises whenever consolidated financial statements are prepared before settlement and the current rate has changed since the transaction date.
Translation gains or losses: result from a restatement process.
Transactions gains or losses: result from the physical exchange of one currency for another.
Facilitates reporting domestic accounts to foreign audiences-of-interest.
Choi/Meek, 6/e
5
Types of Transaction Rates
Spot transactions: the physical exchange of one currency for another in which delivery takes place immediately.
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NetSolutions Trial Balance December 31, 2005 Cash Accounts Receivable Supplies Prepaid Insurance Land Office Equipment Accounts Payable Unearned Rent Chris Clark, Capital Chris Clark, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Supplies Expense Miscellaneous Expense 2 2 2 2 20 1 065 220 000 400 000 800 00 00 00 00 00 00 900 00 360 00 25 000 00 4 000 00 16 340 00 4 275 00 1 600 00 985 00 800 00 455 00 42 600 00 42 600 00
Date
2005
Item
Nov. 30 Dec. 1
2 2
2 000 00
5 900 00
2 400 00
3 500 00
Dec. 1 NetSolutions paid rent for December, $800.
14 15 16 17
1 Rent Expense Cash Paid rent for December.
Page 2
Post. Ref. Debit Credit
Description
1 Dec. 1 Prepaid Insurance
2 3 4 Cash Paid premium on two-year policy.
15
2 400 00
2 400 00
ACCOUNT Cash Post. Ref.
27 28 29 30
27 Wages Expense Cash Paid two weeks’ wages.
51 11
1 200 00 1 200 00
Dec. 31 NetSolutions paid its $310 telephone bill for the month.
31 32 33 34
Lesson 6
Journals
Key Terms
• • • • • • • • Special journal General journal In contrast to Sales journal Sales on credit Purchases journal Cash receipts journal Cash payments/disbursements journal
31 Utilities Expense Cash Paid telephone bill.
54 11
310 00 310 00
Dec. 31 NetSolutions paid its $225 electric bill for the month.
Page 4
Post. Ref. Debit Credit
9 10 11 12
16 Accounts Receivable Fees Earned Received fees from customers.
12 41
1 750 00 1 750 00
Dec. 20 NetSolutions paid $900 to Executive Supply Co. on the $1,800 debt owed from the December 4 transaction.
JOURNAL
Date
2005
Description
1 Dec. 31 Utilities Expense
54
225 00
2
3 4
Cash
Paid utility bill.
11
225 00
Dec. 31 NetSolutions received $2,870 from fees earned for the second half of December.
4 Office Equipment Accounts Payable Purchased office equipment on
18 21
1 800 00 1 800 00
account.
Dec. 6 NetSolutions paid $180 for a newspaper advertisement.
2 3 4 Cash Paid premium on two-year policy.
2 400 00
2 400 00
ACCOUNT Prepaid Insurance Post. Ref.
ACCOUNT NO. 15
Balance Debit Credit Debit Credit
Date
2005
Description
1 Dec. 1 Prepaid Insurance
2 3 4 Cash Paid premium on two-year policy.
15
11
2 400 00
2 400 00
ACCOUNT Cash Post. Ref.
ACCOUNT NO. 11
Balance Debit Credit Debit Credit
15
2 400 00
2 400 00
ACCOUNT Prepaid Insurance Post. Ref.
ACCOUNT NO. 15
Balance Debit Credit Debit Credit
Date
2005
Item
Dec. 1
2
2 400 00
2 400 00
JOURNAL
Date
2005
13 15 16
20 Accounts Payable Cash Paid part of amount owed to
21 11
900 00 900 00
Executive Supply Co.
Dec. 21 NetSolutions received $650 from customers in payment of their accounts.
Dec. 1 NetSolutions paid a premium of $2,400 for a comprehensive insurance policy covering two years.
JOURNAL
Date
2005
Page 2
Post. Ref. Debit Credit
Description
52 11
800 00 800 00
Dec. 1 NetSolutions receives $360 for three month’s rent beginning December 1.
14 15 16 17
1 Cash Unearned Rent Received advanced payment
18 19 20 21
21 Cash Accounts Receivable Received cash from customer
11 12
650 00 650 00
on account.
Dec. 23 NetSolutions paid $1,450 for supplies.
22 23 24 25
1 Dec. 31 Prepaid Insurance
2 400 00
2
3 4
Cash
Paid premium on two-year policy.
2 400 00
JOURNAL
Date
2005
Page 2
Post. Ref. Debit Credit
Description
1 Dec. 1 Prepaid Insurance
21 11
400 00 400 00
Dec. 13 NetSolutions paid a receptionist and part-time assistant $950 for two weeks’ wages.
JOURNAL
Date
2005
Page 3
Post. Ref. Debit Credit
14 23
360 00 360 00
For three months’ rent of land.
Dec. 4 NetSolutions purchased office equipment on account from Executive Supply Co. for $1,800.
18 19 20 21
Description
1 Dec. 13 Wages Expense
51
950 00
2
3 4
Cash
Paid two week’s wages.
11
950 00
Dec. 16 NetSolutions received $3,100 from fees earned for the first half of December.
23 Supplies Cash Purchased supplies.
14 11
1 450 00 1 450 00
Dec. 27 NetSolutions paid the receptionist and part-time assistant $1,200 for two weeks’ wages.
14 15 16 17
31 Chris Clark, Drawing Cash Chris Clark withdrew cash